2018 HEDGE FUND AWARDS
Welcome to the 2018 Hedge Fund Awards The 6th annual Hedge Fund Awards, conducted by Acquisition International remain one of the most prestigious awards programs covering the Hedge Fund and Alternative Investment industries. Having previously partnered with companies such as Prequin and BarclayHedge, the 2018 Hedge Fund Awards are combined to celebrate the best firms, managers, funds and fund of hedge funds that manage to maintain high-level of return and professionalism in what has proven to be turbulent times for the industry. Given solely on merit, the 2018 Hedge Fund Awards are the ultimate platform to help you gain edge ahead of competition and find new clients among our extensive 108,000 readership.
Contents 4. Adar Capital Partners Ltd - Best Latin America Emerging Markets Fund (5 Years): Adar Macro Fund Ltd. & Recognised Leaders in Global Investing 2018 6. haysmacintyre - Best Hedge Fund Manager Audit and Accountancy Firm 2018 & Most Trusted Tax Advisory Specialists - UK 8. LLB Asset Management AG - Best Multi-Strategy FoHF: LLB Alternative Strategy Global & FoHF Manager of the Year - Liechtenstein 10. Odin Capital Management, LLC - Best Global Multi-Strategy Fund (Since Inception): The Odin Raven Fund, LP & Innovation Award for Valuation of Options Opportunities 2018 12. Scandinavian Credit Fund - Best Alternative Financing Specialists - Nordic Region & Best New SME Direct Lending Fund: Scandinavian Credit Fund 14. Anchin, Block & Anchin LLP - Best Financial Services Practice Group 2018 - North America 15. Black Swift Group, LLC - Best Emerging Hedge Fund Manager - USA & Best Structured Credit Fund (Since Inception): Black Swift Credit Opportunity Fund LP 16. Carlisle Management Company - Best Long Term Growth Fund (5 Years): Luxembourg Life Fund & Best Global Alternative Assets Fund Manager 2018 17. Castle Hall Diligence – Best Global Asset Owner Due Diligence Firm 2018 & Most Innovative Investment Diligence Platform: DueDiligence Professional 18. CohnReznick LLP - Best Hedge Fund Tax & Audit Advisory – USA 19. ELYSIUM Investment Advisors - Best India Dedicated Investment Fund: Elysium India Fund & Award for Innovation & Excellence in Asset Management 20. Eze Castle Integration - Best for Financial Cloud Solutions 2018 21. Finlabo - Best Absolute Return European Fund: Finlabo Investments Sicav - Dynamic Allocation & Best Italian Investment Boutique 2018 22. Florin Court Capital LLP - Best Newcomer Exotics CTA - Florin Court Capital Fund 23. Genesis Fund Services Limited - Best Hedge Fund Administration Company 2018 – Bahamas 24. GZC Investment Management AG - Best Alternative Investment Firm - Switzerland & Best Diversified Commodities Fund (1 Year): GZC Strategic Commodities Fund 25. JMS Invest AG - Best Active Fund Manger 2018 - Switzerland & Best Long/Short Equity Fund (1Year): AlphaCore Capital 26. Laureola Advisors, Inc. - Best Specialist Fund Manager 2018 & Best Life Settlements Investment Fund (Since Inception): Laureola Investment Fund 27. McKinley Capital Management, LLC - Best Alternative UCITS Fund (5 Years): McKinley Capital Dividend Growth Fund & Most Innovative Asset Class & Strategy 2018 28. Norron AB - Best Nordic Fund Manager 2018 & Best Multi-Strategy Nordic Equity Fund (3 Years): Norron Target 29. RoboCap LLP - Best Robotics Fund (Since Inception): RoboCap UCITS Fund & Best for Disruptive Technology Investing 2018 30. Rubrics Asset Management Ltd - Best Innovative Fixed Income Strategies 2018 & Best Irish Emerging Markets UCITS Fund (1 Year): Rubrics Emerging Markets Fixed Income UCITS Fund 31. The Third Friday Total Return Fund, L.P. - Best Market Neutral Hedge Fund (Since Inception): The Third Friday Total Return Fund, L.P. & Most Innovative Hedge Fund Manager 2018The Third Friday Total Return Fund, L.P.
Best Latin America Emerging Markets Fund (5 Years): Adar Macro Fund Ltd. & Recognised Leaders in Global Investing 2018 Company: Adar Capital Partners Ltd Contact: Zev Marynberg Contact Email: firstname.lastname@example.org Address: One Capital Place, 4th Floor, Shedden Road, George Town, Grand Cayman, KY1-1103, Cayman Islands Phone: 97226428503 Website: adarcapitalpartners.com
Adar Capital Partners Ltd Drawing on more than 25 years’ global investment experience, Adar Capital Partners Ltd (ACP) supports institutional investors, family offices, and private investment funds. We profile the firm to find out more and explore the range of services and funds it offers.
Led by founder and CIO Zev Marynberg, since inception ACP has developed a very successful investment strategy with a focus on Latin American and European financial markets. The firm’s primary fund, the Adar Macro Fund, manages assets in excess of $1.5 billion and has an outstanding track record. The Fund has earned many accolades, including Best Performing Macro Strategy Fund (1 Year) by the Wealth & Finance 2017 Alternative Investment Awards, and Best Latin
Recognised Leaders in Global Investing 2018
America Emerging Markets Fund (3 Years) by the Acquisition International 2017 Awards. To ensure strong returns for clients, ACP identifies unique investment opportunities by pairing expert analysis of investments in emerging markets with its extensive knowledge of the countries in which it invests. The firm’s investment process is based on in-depth fundamental analysis, on-site due diligence, and deep local expertise. The ACP team has developed strong relationships with investment banks and institutions throughout Latin America and Europe. Investment risk is managed by keeping the firm’s portfolio balanced and by maintaining low leverage ratios. Risk management is at the core of all of ACP’s investment decisions, so investors can rest assured that their money is in safe, experienced hands. Flexibility is a key factor when managing a portfolio. If ACP predict that something will happen and it does not, then they have to act quickly and rationally, changing their holdings and refocusing. Fundamentally, the firm believes the market always offers opportunities to invest well if you have resources, patience, and courage, and aim to embody these virtues at all times. As such, buying good, cheap economic fundamentals, collecting high coupons, and letting time do its work has been ACP’s philosophy since management started advisory for hedge funds in 1998. Overall, ACP’s portfolio strategy favours a combination of value investment and a mediumlow level of leverage. The team also recognize that when markets appraise a development as very good, the end result is usually not as good as anticipated. The opposite is also true: bad news, in general, is not as bad as it seems. Markets tend to exaggerate both positive and negative news, and investment opportunities arise as a consequence of those exaggerations. Looking forward, ACP will continue to adopt its flexible, diligent approach to ensure excellence for its valued investors and creating strong return on investment on their behalf.
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Adar Capital Partners Ltd
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Best Hedge Fund Manager Audit and Accountancy Firm 2018 & Most Trusted Tax Advisory Specialists - UK Company: haysmacintyre Contact: Bernadette King Contact Email: email@example.com Address: 10 Queen Street Place, London EC4R 1AG Phone: 020 7969 5500 Website: www.haysmacintyre.com
haysmacintyre haysmacintyre is a leading international mid-tier firm of chartered accountants and tax advisers in central London, dedicated to supporting a wide range of clients. We profile the firm to find out more about the services it offers. The City based firm of chartered accountants and tax advisers comprises a team of 36 partners and over 230 people who are committed to providing advice to entrepreneurs, fast-growing and owner managed businesses, listed companies and charities and not for profit organisations across the UK and internationally. The financial services sector is a key sector for the firm, focusing on fund managers and corporate finance boutiques. The team is led by Bernadette King, who has advised businesses in the financial services sector for over fifteen years and is a member of the ICAEW’s Financial Services Faculty and 100 Women in Hedge Funds. The firm has experienced double digit growth over the last two years which is a testament to the broad service offering, quality of staff and their tailored approach to service delivery.
This has resulted in an office move which will allow the firm to continue on their growth story. Their new office in Queen Street Place accommodates the whole firm on one floor, ensuring clients benefit from a truly integrated service. haysmacintyre’s service offering helps clients to meet their reporting obligations whilst solving problems, grasping opportunities and helping them to achieve their goals. All services are provided by specialist teams with in-depth knowledge of sectors, which means each client benefits from the support of someone who understands their challenges and can give them accurate, appropriate advice. The knowledgeable and professional staff spend time getting to know clients well so they can tailor their services to meet their individual needs. These staff are central to the firm’s success, and as haysmacintyre’s specialist financial services team has extensive knowledge and experience in advising fund managers on the issues they face, they are able to apply their deep sector experience to support the needs of these businesses. The broad skillset allows the team to act as a single service provider to fund managers. Its portfolio of services allows fund managers to receive all compliance and non-compliance services from a single provider. This financial services team was established 20 years ago, and currently acts for over 100 fund managers, and remains committed to building long relationships with its fund manager clients who value the team’s open, honest and downto- earth approach and are happy to recommend them. From start-ups to established businesses, haysmacintyre are able to support clients at any stage of the business life cycle.
haysmacintyre’s specialist financial services team is located in the City, with over 20 years’ experience of working with fund managers.
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Additionally, haysmacintyre’s well-established financial services team contributed a chapter to a book from Hedge Fund Insight. ‘Successfully launching a hedge fund in Europe’ published in 2017. It makes practical and financial sense for hedge fund businesses to go to one adviser for all their set up and subsequent needs and haysmacintyre can provide these, including advice on structuring, reporting to the FCA via the GABRIEL portal, as well as employer taxes
advice and payroll delivery. The team also offer an outsourcing service for those hedge fund businesses that do not want to operate their own internal finance function, ensuring that every client receives the solution they need. haysmacintyre was awarded â€˜Audit Team of the Yearâ€™ at the 2017 British Accountancy Awards which further recognises their commitment to service delivery, their innovative approach to the services and importantly, adding value to clients through their audit approach. Ultimately, with increasing regulation hedge fund managers are facing a time of change. MIFID II has been a huge change for some managers who have been battling the complexities of the rules and it has been an expensive exercise for many. The introduction of the senior managers regime will mean more new regulation for them. These developments will offer the firm many invigorating opportunities for greater success as the company looks towards a bright and prosperous future. haysmacintyre has experienced considerable growth, having grown by 33% organically over the last three years and expects this to continue through continuous innovative growth and increased staff and partner count. The last year saw an increase in revenues by 11.3%, appointment of four partners and headcount increasing. This continued growth is expected over the forthcoming year, and will provide the firm and its talented financial services team with many exciting new opportunities for further growth and success.
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LLB Asset Management AG - Best Multi-Strategy FoHF: LLB Alternative Strategy Global & FoHF Manager of the Year - Liechtenstein
Company: LLB Asset Management AG Name: Bernhard Schmitt Head Equity & Multi Manager Management Address: Staedtle 7, 9490 Vaduz, Principality of Liechtenstein Telephone: +423 236 9523 Email: Bernhard.firstname.lastname@example.org Web Address: www.llb.li
The Liechtensteinische Landesbank, (part of LLB Group) is the bank in Liechtenstein with the longest tradition, offering a wide range of services to its valued clients. We spoke to Bernhard Schmitt to find out more about the group’s asset management division and explore the secrets behind its phenomenal success.
Established in 1861, for more than 150 years, LLB Group has served as the bank for the country, the people, and the economy of Liechtenstein. Its deep roots can be seen not only in its broad commitment to culture, sport, and society. Bernhard talks us through the group’s dedication to client service, with specific reference to its asset management division.
“At the LLB Group we have three client focused pillars. Our market divisions, Retail and Corporate Banking, Private Banking, and Institutional Clients, stand for excellent products and services for our clients in Liechtenstein, Switzerland, Austria, Germany, Central and Eastern Europe, and the Middle East. The fact that the bank is a strong partner in all three divisions is reflected not only in its high level of client confidence but also in its credit rating. The excellent rating that the Liechtensteinische Landesbank received from the rating agency Moody’s underlines the solidity of the LLB Group. “Alongside the bank, we have the LLB Asset Management AG, which is the investment centre of the LLB Group and a valuable partner for institutional and private clients. We are specialised in asset allocation, security selection, portfolio construction and most notably in hedge fund research and fund of hedge funds management. The LLB Asset Management AG has an outstanding investment competence and offers comprehensive expertise. We offer a wide range of made-to-measure solutions for our clients. Our optimal strategy for every investment will include diversification across and among as many asset classes as possible. Specifically, with regard to our hedge fund offering, diversification means
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attracting the greatest benefit from different managers, investment styles and techniques. As such, clients around the world will certainly find the right building blocks and special funds for their portfolio among our more than 35 funds. We manage a total fund volume of around CHF five billion.” This portfolio of funds is designed with clients firmly in mind. As such, Bernhard is eager to talk us through LLB Asset Management’s approach and how this is firmly rooted in creating excellence for investors.
“Our fund and single manager selection is based on a very process-driven research approach. A comprehensible process is important to us in terms of the manager selection as well as the risk assessment. Thus, our selection process focuses on five distinguishing factors, summarized as the 5 P’s: Philosophy, People, Process, Portfolio and Performance. In order to ensure that risk is limited wherever possible, we look for opportunities in the alternative investment universe without forgetting the risks, we try to identify strengths in investment approaches of external managers and assess their possible weaknesses. “To ensure strong returns for our clients, on the risk side, we analytically follow three levels: Qualitative, quantitative and above all operational. In addition to the holdings based characteristics, we check the single funds on the level of statistical evaluations such as factor analysis, style attribution, etc. The single manager performance and its volatility is a logical consequence of the first four factors (philosophy, people, process and portfolio) and a mere result. We try to understand how alternative
LLB Asset Management AG
managers think, how they execute and how they handle their risks. We define our core strength in finding process-driven yet very creative fund managers that are able to perform and also protect their downside. With a further layer of discretion on the portfolio management level of the fund of alternative UCITS funds, we are also able to give the investor the protection it needs.” With regards to the future, LLB Asset Management looks set to continue to grow and flourish as it seeks to remain at the forefront of emerging developments, as Bernhard concludes.
“Looking ahead, we see future challenges across three areas: regulation, transparency and institutionalization. We understand these topics not as a one-time affair but as an ongoing challenge. With the implementation of new regulations such as UCITS V, AIFMD, etc. the industry is on a continuous path of rising regulation to the benefit of the investors. “Transparency in its various forms has become one of the most important points of hedge funds. It is one of main driving forces for the rapid development of the alternative UCITS world. The clients demand for an institutional asset management set-up continues to rise. Our response to these challenges is a comprehensive transparency of the funds for all our clients, the highest regulation standard with UCITS for our fund of alternative funds and especially our very institutional approach in asset management to deliver the greatest value for our private and institutional clients.”
2018 HEDGE FUND AWARDS LLB Asset Management AG Best Multi-Strategy FoHF: LLB Alternative Strategy Global & FoHF Manager of the Year - Liechtenstein
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Best Global Multi-Strategy Fund (Since Inception): The Odin Raven Fund, LP & Innovation Award for Valuation of Options Opportunities 2018 Company: Odin Capital Management, LLC Contact: Ulrik Trampe CEO/CIO Contact Email: email@example.com Address: 46 Southfield Avenue, BLDG. 3 SUITE 260, Stamford, CT 06902, USA Phone: 1-203-340-3542 Website: www.odincapitalmanagement.com
Odin Capital Management, LLC Odin Capital Management, LLC is a Stamford, Connecticut based hedge fund manager dedicated to offering strong returns and providing investors with the very highest standards of support and service. We invited Ulrik Trampe to tell us more about the firm and its investment approach.
Odin Capital Management is exclusively focused on managing the Odin Raven Fund LP, a hedge fund, using a flexible, holistic, global and multi strategy approach.The firm’s investment objectives are to generate attractive net returns measured in US dollars in most investment scenarios while reducing the catastrophic downside risk to the fund’s capital. Ulrik discusses the firm’s investment approach and how this helps to achieve the company’s aim.
investment selected as well as discerning the downside risk embedded in that investment. We develop and maintain a global portfolio, covering all investment classes using a multiple of different investment strategies. The purpose of the diversification and the use of multiple asset classes and investment strategies is to increase the probability that the fund captures positive returns in most investment scenarios.
“Here at Odin Capital Management, we actively seek attractive investment opportunities globally in all asset classes that are publicly traded. This includes equities, fixed income, credit, real estate, infrastructure and land. We use multiple strategies to select investment opportunities. Our emphasis is on understanding the expected return of each
“Separately, but interrelated, we maintain and manage a number of different hedging strategies that reduce the catastrophic downside risk in the long portfolio. Such purposeful and continuous hedging enables us to assume added risk within the long investment portfolio.”
Odin Capital Management, LLC is a Global Multi-Strategy Hedge Fund Manager focused on generating attractive hedged returns.
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Odin Capital Management, LLC
The team is from left: Bruce J Roberts, Ulrik C Trampe and Julia Robert Nix. “The use of options is an integral part of our investment approach. We use options to generate income as well as to manage the exposures and risk in both the long and the short portfolio. The benefits from using options are numerous. First and foremost, as options have an asymmetric return profile, they are well suited for hedging the catastrophic downside risk at a reasonable cost. Secondly, options permit us to continuously harvest returns from the inherent volatility in the financial markets. “ As an investor focused firm Odin Capital Management works hard to provide a portfolio with strong returns that abides by their holistic approach, as Ulrik highlights.
“When constructing the long portfolio, we use multiple strategies to select securities and determine the allocation between asset classes and regions. We consider the global macro environment and return opportunities for all asset classes. Equally, we use strategies such as; growth, value, momentum, restructuring, sum of the parts,
relative value and quantitative factors in the security selection process. However, the most important concepts we use are expected return, quality, narrative and the downside risk assessment.”
Ultimately, the firm works for its investors, and is committed to creating a portfolio that meets their needs, and this will be Odin Capital Management’s ongoing aim as it looks towards a bright future, as Ulrik concludes.
“Risk is an important consideration for an investor. However, there is considerable disagreement or confusion over what investment risk is. In our view the real risks to an investor is missing the opportunity to earn attractive returns and to suffer a catastrophic loss of capital. An attractive return in our view is at a minimum a return that after fees expenses and taxes exceeds the growth of nominal GDP. A catastrophic loss of capital is a loss that will cause an investor to be unable or unwilling to continue investing with the goal of earning attractive returns.
“Fundamentally, the Odin Raven Fund, LP is a partnership, and as such we actively keep our limited partners informed about portfolio construction, security selection and our investment views. We do this with a brief and informal daily email and two monthly investment reports. We are pleased to receive comments or suggestions from our partners. We are ourselves invested in the fund and, therefore, we are highly motivated to try and succeed with meeting the dual investment objectives.
“Overall, we do not believe that short-term volatility in securities values is a risk investors should pay dearly to reduce. Instead such volatility presents opportunities for investors who are willing to try and time their purchases or sales and are willing to engage in actively managed options strategies.”
“Looking ahead, our mission will remain to develop a better investment approach to meet the dual objectives of attractive returns and reduced catastrophic risk. This will provide us with many exciting opportunities which we look forward to taking advantage of.”
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Best Alternative Financing Specialists - Nordic Region & Best New SME Direct Lending Fund: Scandinavian Credit Fund Company: Scandinavian Credit Fund Contact: Fredrik Sjöstrand Contact Email: firstname.lastname@example.org Address: Besöks adress: Strandvägen 7A , Stockholm, 103 26, Sweden, Box 16357 Phone: 46705757551 Website: https://kreditfonden.se
Skandinaviska Kreditfonden AB Skandinaviska Kreditfonden AB intends to become the leading independent player in direct lending to small and medium-sized companies in Scandinavia, while creating unique investment products. We caught up with Fredrik Sjöstrand from the firm to learn more and explore the secrets behind its success so far.
Drawing on its experience in the investment space, Skandinaviska Kreditfonden launched its first fund is Scandinavian Credit Fund I. Fredrik outlines how the firm seeks to offer investors an exciting opportunity through this latest offering.
“At Skandinaviska Kreditfonden we launched Scandinavian Credit Fund I in January 2016 with a limited amount of AUM and has now passed one billion Swedish kronor. We are a tight organisation but with many years of experience from investment banking combined. To build upon the fund’s current success, we constantly seek partners in finding loan objects as well as finding them directly. Our investor base is mainly retail and our lending objects are Scandinavian SMEs.
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“Our mission is to be the main provider of direct lending to SMEs in the Nordic region. We are slowly achieving this in conjunction with our AUM, which are growing, and as our name is being recognized in the industry. To ensure strong returns for our clients we are spreading our risk horizontally, vertically and geographically.” Operating in an industry that is struggling to attract new investors, differentiation is crucial for any fund, as Fredrik highlights.
“Uniquely, our fund has monthly liquidity and as far as we know no other direct lending fund in Scandinavia offers that.” Looking to the future, Fredrik is excited for the space that the Scandinavian Credit Fund I will occupy in this flourishing market. “Overall, at Skandinaviska Kreditfonden we are optimistic about the need for alternative lenders going forward.”
Skandinaviska Kreditfonden AB
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Anchin, block & Anchin LLP HF180006
Best Financial Services Practice Group 2018 - North America Company: Anchin, Block & Anchin LLP Name: Jeffrey I. Rosenthal Address: 1375 Broadway, New York, NY 10018 Telephone: (212) 840-3456 Email: email@example.com Web Address: www.anchin.com
Anchin, Block & Anchin LLP Anchin, Block & Anchin LLP (Anchin) provides customized accounting, audit, tax and consulting services to a wide range of financial industry clients. We invited Jeffrey I. Rosenthal to provide us with an enticing overview of the firm and the range of services it offers.
Founded in 1923 in New York City, Anchin is the largest single-office public accounting firm in North America and is recognized as a top-tier firm nationwide in terms of its quality, management, scope of services and work environment. Jeffrey tells us more about the firm’s service offering.
“Here at Anchin, our years of experience, extensive network, and comprehensive institutional knowledge allow us to offer clients perspectives
and insights on the direction of their businesses. Our services include ensuring full compliance in financial reporting, minimizing tax exposure, consulting on operations, regulatory compliance, systems design, and technology solutions. To ensure excellence for clients, our team of experts take the time to understand each fund’s tax and financial reporting needs to design strategic, growth oriented solutions.” It is the firm’s dedicated staff and commitment to client service that sets it apart from its competitors, as Jeffrey is eager to emphasise.
“As our professionals are experienced in dealing with all aspects of closely held businesses, we set ourselves apart from the competition by providing partners who are individually able to advise on accounting, audit, business, personal, estate and trust tax. This single point of contact, supported by a dedicated staff and the rest of the firm’s specialists results in a unique and beneficial relationship for our clients. “Fundamentally, Anchin prides itself on customized service executed to meet the unique needs of each client. Our engagement partners are thoroughly familiar with the client´s business, the market environment in which they operate, and the unique features of its industry. By carefully selecting engagement teams to cater specifically to each client´s needs, we can conduct efficient and costeffective audits, design and implement optimal tax positions, and provide valuable consulting assistance to management.” With regards to the future, Jeffrey believes that Anchin will continue to thrive and offer clients the service and solutions they need, as he concludes.
“Going forward, we are seeing potential growth in crypto-currencies such as Bitcoin and the like. As such, at Anchin we are educating ourselves and our clients as to the issues involved in managing a fund that invests in these types of assets such as custody, valuation and verification.”
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Black Swift group, LLC HF180032
B L AC K S W I F T Company: Black Swift Group, LLC Contact: Gregory J. Casals Address: 1899 Wynkoop St, Suite 250, Denver, CO 80202 Phone: 303-325-3646 Web Address: www.blackswiftgroup.com
Best Emerging Hedge Fund Manager – USA & Best Structured Credit Fund (Since Inception): Black Swift Credit Opportunity Fund LP
Black Swift Group, LLC Black Swift Group, LLC is a boutique investment manager focused on alternative investments and committed to providing exceptional service and returns to clients. We invited Gregory Casals to tell us more.
Black Swift offers innovative, alternative investments searching for inefficiencies in the market where their research and skill set can produce an edge. These are usually markets that have slightly less capacity, and that are typically ignored by the largest institutional investors due to lack of information. Supporting both private client and institutional investors, Black Swift will typically manage the entirety of a high net worth investor portfolio. Black Swift offers its investors a core plus alternative investment structure, minimizing the cost to access market beta, and overlaying alternative investment strategies where non-correlated returns are available. For institutional clients, the firm’s expertise in structured credit and other alternative investment strategies is the key differentiator. Greg believes that it is this expertise, combined with the group’s boutique structure, that has helped it to achieve the success it enjoys today.
“Black Swift Group, LLC are investment advisers and privately owned alternative asset managers that offer investment management services, serving high-net worth individuals and institutational clients.”
“Moving forward, we are inspired about building a best in class investment management firm, with a focus on alternative investment strategies. There are some incredibly interesting sectors and opportunities that are emerging in the market, and we have a number of appealing investment strategies that we plan to launch in 2018. In addition, the structured credit markets continue to evolve, and we are seeing exciting innovative products being launched, which we think will continue to offer us fertile ground for investing.”
“Personally, I believe that Black Swift’s success is the result of having a great feel and understanding of the markets and knowing the asset classes we are investing in at a detailed and intimate level. Our investment team has a long history trading structured credit in diverse market conditions on both the sell-side and buy-side.” “With the history we have in the sector and marketplace, we have access to an infrastructure and information that would be difficult to duplicate on demand or short notice. Even though we are a small firm, and our fund was newly launched, we trade and invest with information that would typically only be available to large investment management firms.” As a burgeoning investment manager, Black Swift has a bright and exciting future ahead of it, as Greg is proud to conclude.
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Carlisle Management Company HF170001
Best Long Term Growth Fund (5 Years): Luxembourg Life Fund & Best Global Alternative Assets Fund Manager 2018 Company: Carlisle Management Company Contact: Chris Winters Contact Email: CWinters@cmclux.com Address: 9 Rue Sainte Zithe, 1st Floor, Luxembourg City, L-2763, Luxembourg Phone: 35226845359 Website: www.cmclux.com/
Carlisle Management Company Carlisle Management Company is a leading, highly diversified global investment management firm. Chris Winters talks us through the firm and the range of investment opportunities it provides.
Established in 2008, Carlisle is a leading, global alternative investment management firm. Since its inception Carlisle has garnered a reputation as a pioneer and market leader for investment solutions for the life settlements space, and has experienced strong growth as a result. Carlisle has continued its stellar performance track record in 2017 while maintaining high-quality standards and commitment to transparency. Chris discusses the firm’s success in more detail.
“Here at Carlisle, our state-of-the-art facilities and statistical modelling systems incorporate knowledge gained from more than 60 years of combined investment experience within the alternative asset sector. Supervised by the Luxembourg regulator and being subject to controls of reputable audit firms at both management company and fund level, we operate independently, which allows us to focus solely on investor’s demands for transparency and performance, within a regulated framework providing robust risk mitigation while maximizing investment returns.” The firm is renowned for its work in the life settlements, market. Life Settlements are known for their minimal correlation to traditional financial markets as well as to changes in fiscal and monetary policy enacted by global economies. Since the global financial crisis of 2008, sophisticated investors who may not have considered many alternative investments in the past have increasingly sought investment products with lower levels of correlation to traditional drivers. As the Life Settlements industry evolves and becomes more efficient, Carlisle, as investment manager, must continue to lead the way and adapt to new circumstances, as Chris concludes.
“Due to the recent financial crisis and the current financial market stagnation many investors concerned about an upcoming market correction have demanded a close-end fund solution to address these concerns. It is in that respect that Carlisle has decided to launch the first of several close-end vehicles, Absolute Return Fund I, which will provide protection against future market downturns. The fund shall be available starting first quarter 2018 and will provide investors with a cashin, cash-out investment vehicle where all incentives are aligned, while providing the same level of quality and transparency that our investors have come to rely on. We believe as the market continues to evolve Carlisle is extremely well positioned to take advantage of upcoming trends and opportunities for its investors.”
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Castle Hall Diligence HF180025
Best Global Due Diligence Firm 2018 & Most Innovative Investment Diligence Platform: Due Diligence Professional Company: Castle Hall – The Due Diligence Company Contact: Daryl Purdy / Daisy Lepage Contact Email: firstname.lastname@example.org; dlepage@ castlehalldiligence.com Address: 1080 Côte du Beaver Hall, Suite 904, Montreal, H2Z 1S8, Canada Phone: 14504658880 Website: www.castlehalldiligence.com
Castle Hall - The Due Diligence Company Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios. Chris Addy, Castle Hall’s CEO, tells us more. Built upon Castle Hall’s next generation, online diligence architecture, DueDiligenceProfessional™, the firm helps institutions, fund of funds, advisors, endowments and family offices evaluate whether asset managers meet best practice. Institutional allocators and industry intermediaries face competing due diligence challenges stemming from increased regulatory and Governance, Risk and Compliance focus; an ongoing quest for yield, leading to allocations to emerging managers and
investment opportunities; and fiscal and budgetary realities. In light of these competing challenges, Castle Hall continues to evolve its services to provide innovative, flexible and cost-effective solutions for our clients. The firm describes this new paradigm as Due Diligence 3.0, as Chris highlights.
“Due Diligence 3.0 reflects our core themes. First, we see convergence: operational due diligence should be applied across all asset classes, not solely hedge funds. As a result, our clients’ usage of DueDiligenceProfessional™ to evaluate private equity and long only mandates continues to increase exponentially.” “Furthermore, a practical operational due diligence policy needs to be based on a flexible, risk based approach to due diligence across asset classes, incorporating dynamic operational risk monitoring. We recommend that investors create and implement a due diligence policy to establish protocols around diligence required to monitor operational risks in the existing portfolio, as well as onboard new external manager relationships.” “Finally, leveraging the power and efficiency of FinTech is another key theme emerging in the industry, and a key differentiating factor for Castle Hall. DueDiligenceProfessional™ is a FinTech solution responding to our clients’ changing needs, delivering interactive dashboards and flexible manager monitoring, allowing allocators to implement more sophisticated, and consistent, risk based diligence programs.” Moving forward, Castle Hall aims to leverage this innovative solution to support its clients and meet their ever evolving needs, as Chris concludes.
“Ultimately, we continue to see the benefits of consolidation of data gathering across the industry. At present, multiple investors may request identical or similar information from the same asset manager as part of their own due diligence programs. OpsDiligence provides a centralized framework in which multiple investors can access information, creating significant economies of scale and cost savings for both allocators and the investment manager community.”
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CohnReznick LLP HF180026
Best Hedge Fund Tax & Audit Advisory – USA Company: CohnReznick LLP Name: Jay Levy Address: 1301 Avenue of the Americas, New York, NY 10019 Telephone: 646-254-7412 Email: Jay.Levy@CohnReznick.com Web Address: www.cohnreznick.com
CohnReznick LLP CohnReznick LLP is one of the top accounting, tax, and advisory firms in the United States, combining the deep resources of a national firm with the hands-on, agile approach that today’s dynamic business environment demands. Jay Levy tells us more about the firm and the range of services it provides. “CohnReznick works with emerging and established hedge funds and fund of funds, private equity and venture capital funds, small business investment companies, broker dealers, investment advisors and family offices. We perform annual audits of financial statements in accordance with reporting under both GAAP and IFRS; provide consultation with respect to partnership agreements, private placement memoranda, and other offering documents; and surprise examinations to comply with Rule 2064(2) under the Investment Advisers Act of 1940 for Registered Investment Advisors. We also provide comprehensive tax compliance and planning, accounting, and advisory services to a wide range of financial institutions. “Today, financial services institutions are facing unprecedented challenges in regulation (including tax), competition, and technology. A specific technology challenge today is cybersecurity. The financial services and family office entities are at risk for hacking, and this has been a recent focus of SEC examinations. Our advisory group has teams that can provide an assessment, as well as testing of the entities’ security program, in addition to a remediation plan if required. To meet these challenges, and those imposed by the due diligence
teams of their potential investors, the hedge fund community needs accurate metrics, experienced guidance on controls and best practice procedures, and reliable assistance with compliance.” Operating in an ever-evolving market, CohnReznick is focused on the needs of our clients and providing each of them with world-class service. We work hard to stay at the forefront of emerging industry developments, and adapting our service offering to meet these changes, as Jay concludes.
“Looking ahead, we are working with our advisory group in order to help our clients adhere to the regulatory and investor demands. Leveraging the expertise of our Advisory Practice, our audit and tax teams are working on projects related to cybersecurity, business analytics, and revenue recognition, just to name a few.” With diverse industry expertise, CohnReznick provides middle market companies with the insight and experience to help them break through and seize growth opportunities. The firm, with origins dating back to 1919, is headquartered in New York, NY with 2,700 employees in offices nationwide, as well as in the Cayman Islands.
“CohnReznick LLP empowers forward thinking organizations to realize their vision.” 18 Acquisition International - Hedge Fund Awards 2018
Elysium Investment Advisors LLP HF180030
Best India Dedicated Investment Fund: Elysium India Fund & Award for Innovation & Excellence in Asset Management Company: Elysium Investment Advisors Contact: Vineet Sachdeva Contact Email: Vineet@elysiuminvestment.com Address: Unit 506, The Capital, Bandra Kurla Complex, Mumbai 400051 India Phone: +91 22 6694 0170-76
Elysium Investment Advisors LLP Elysium Investment Advisors LLP was established to advise investors on an India strategy that maximized absolute returns over the long term at risk levels lower than that of the index. Vineet Sachdeva tells us more about the firm and how it achieves this aim.
Elysium follows two strategies a systematic long only and a market neutral strategy, to achieve its focus and ensure excellence for its investors. Vineet outlines how the firm has grown since inception thanks to its innovative investment approach.
strategies that will fit into our long-term thinking. We believe that we are just at the beginning of the evolution of Indian hedge fund industry and therefore we need to keep investing in cutting edge research to stay ahead of the curve.”
“Elysium began by managing domestic Indian money in separately managed accounts (SMAs) successfully delivering absolute returns over the broader market index. The firm has since expanded and now manages SMAs for international institutional investors as well. In August this year, the firm started advising the Elysium India Fund, a Mauritius based fund which invests in the long only and market neutral strategies. We have a well-diversified team who have worked with Indian and global hedge funds across various functions such as trading, investment research, investor relations and operations.
With regards to the future, Vineet sees many developments within the ever evolving Indian investment space. He concludes by exploring how these will affect Elysium and how the firm will adapt to ensure its continued success.
“Operating in a maturing financial market, we invest a lot in our strategies and try to continuously evolve with the emerging market scenario. We look at our future evolution across both dimensions – fine tuning our existing strategies and researching new
“As investors investing in India are becoming more sophisticated, they will look for a diversification of strategies in their portfolio. The long bias of the Indian market and the dearth of shorting opportunities have led to a slower evolution of classic hedge fund strategies. Though some of these strategies are employed by prop books and boutique funds, these will become more mainstream with the evolution of the market. This will provide our firm with many exciting opportunities which we look forward to taking advantage of.”
Acquisition International - Hedge Fund Awards 2018 19
Eze Castle Integration HF180011
Best for Financial Cloud Solutions 2018 Company: Eze Castle Integration Contact: Kulvinder Gill Contact Email: email@example.com Address: New City Court, 20 St Thomas Street, Ground Floor, London, SE1 9RS, UK Phone: 0208 071 6800 Website: www.eci.com
Eze Castle Intergration Eze Castle Integration is the premier provider of managed services and technology solutions to the financial and investment management industry. We invited Executive Director Dean Hill to share an insight into the firm and the range of solutions it provides in this fascinating and fast-paced market.
Founded in 1995, Eze Castle Integration has since flourished to become the leading provider of managed IT services, complete cloud solutions and cybersecurity to more than 650 financial and investment firms worldwide, offering clients unique solutions tailored to meet their specific needs.
“Drawing on our 22 years’ experience, here at Eze Castle Integration we understand the needs of our clients, and always seek to ensure that we meet their requirements, as well as those of the regulators they are governed by, and the needs of the investors they are working with.” These solutions range from hardware and onpremise solutions through to software, compliance and security support as well as cloud services. Recently, Dean has noticed an increased focus on cloud-based solutions, which he believes will drive the financial technology market over the coming years.
“Cloud solutions have been growing in popularity over the last two years, with many firms and individuals choosing to store their information on the cloud rather than using on-site storage solutions. This is an interesting development, as whilst these solutions save money for firms, they also offer limited functionality and security, meaning that many of our clients could risk not complying with their regulators by using them. “To combat this, Eze Castle Integration has worked hard to offer our clients an innovative solution that combines Microsoft’s cloud-based solution with our own private cloud onto one platform, Eze Hybrid Cloud. The Eze Hybrid Cloud offering allows our customers to rest assured that their data is stored in a secure location that is fully compliant with the regulations they are governed by.” This unique offering highlights the firm’s dedication to adapting with the market to create solutions that will keep their clients at the forefront of emerging market developments. Moving forward, this will remain the Eze Castle Integration’s ongoing focus, as Dean concludes.
“Ultimately, the success we have enjoyed over the past 22 years stems from our ability to adapt around the ever-evolving financial technology market, and looking ahead this will remain key to our future achievements. Keeping our finger on the pulse will ensure that we enjoy even greater success over the coming years.”
20 Acquisition International - Hedge Fund Awards 2018
Finlabo Sicav HF170003
Best Absolute Return European Fund: Finlabo Investments Sicav - Dynamic Allocation & Best Italian Investment Boutique 2018 Company: Finlabo Sicav Name: Alessandro Guzzini Address: Corso Persiani, 45. 62019. Recanati. (MC). ITALY. Telephone: +39 071 7575053 Email: Alessandro.firstname.lastname@example.org Web Address: www.finlabosicav.com
Finlabo Sicav Finlabo is an Italy based asset manager firm dedicated to offering clients unique investment alternative strategies. We invited CEO and Co- Founder Alessandro Guzzini to tell us more.
Established in 2006, Finlabo supports both institutional and private investors, seeking to generate alpha through absolute return investment strategies. Currently, the firm’s customer portfolio covers banks, asset management firms, pension funds and family offices, which develop their activities in UK, Italy, Luxembourg, Switzerland, France, Germany and Spain.
“In the last 5 years, we have received important international awards that have confirmed the
consistency of our investment strategies. We are very glad to receive this new recognition from AI International, especially because is the first one to be assigned directly to the Finlabo Dynamic Allocation, our youngest fund. Launched in April 2016, this alternative multistrategy fund has registered a cumulated performance of 8.9%* and volatility levels of 3.5%. These good results derive from the application of the quantitative methods of Finlabo and the experience of the firm managing absolute return investment strategies”. Alessandro outlines the range of investment products that the firm offers.
“Besides the Finlabo Dynamic Allocation, through Finlabo Investments Sicav, we offer three longshort equity funds with different geographic focus, including our flagship fund, the Dynamic Equity, which is recognized as one of the best performers of its category (Long/Short Equity Europe) and has a track-record of over 11 years. The fund invests in a pan of European stocks, while hedging market exposure through futures on equity indexes” “Within Italy, we distribute our funds directly and through a large list of partnerships with main banks and fund distribution platforms. Abroad, we have made distribution agreements with local fund marketers.” Overall, despite having achieved phenomenal success, Alessandro and his team are eager not to rest on their laurels, and instead seek to continue to evolve and adapt to meet the ever-evolving client needs, as he proudly concludes.
“Moving forward, our major development projects are related to the international expansion of Finlabo. About 25% of our current AUM come from international clients and our presence abroad has increased in recent years. However, there is still space for growth and therefore we are currently stablishing new partnerships and tailoring our products to enhance our presence across Europe. For example, we have recently launched the currency-hedged classes of our flagship fund in CHF, GBP and USD. These developments will provide us with many exciting opportunities.”
Acquisition International - Hedge Fund Awards 2018 21
Florin Court Capital LLP HF170002
Best Newcomer Exotics CTA - Florin Court Capital Fund Company: Florin Court Capital LLP Contact: Matt Stevenson Contact Email: email@example.com Address: 31 Maddox Street, London, W1S 2PB, UK Phone: +442070163473 Website: www.florincourt.com
Florin Court Capital LLP Florin Court Capital LLP is a London based firm offering an innovative new product; the Florin Court Capital Fund. We profile the firm and explore what makes this fund so unique.
Florin Court’s 15 professionals, with the backing of the largest Scandinavian hedge fund group, Brummer & Partners, are solely focused on systematic trading of exotic and synthetic macro markets, including power, interest rate swaps and credit. The team works with global institutional investors to provide diversifying returns in a targeted-risk environment.
Its mission is to produce attractive returns that are diversifying to all manner of investor portfolios. Through continual improvement of strategies and markets traded, Florin Court intends to remain at the forefront of systematic macro trading. The firm deploys an innovative approach to risk management to ensure attractive returns that are not subject to excessive market volatility. As with most systematic trading strategies, the Florin Court Capital Fund implements broad risk management controls within the automated framework: metrics such as VaR, Expected Shortfall and position limits form a key part of the portfolio construction algorithms underlying the fund. Uniquely, unlike other managers in the space, the team at Florin Court are solely attuned to trading exotic markets using systematic strategies. The group’s ‘flagship programme’ – indeed, only programme – is the Florin Court Capital Fund. Therefore, the efforts of the entire team, including the ongoing assistance and backing of Brummer & Partners, are focused on achieving excellence in this niche. Overall, the CTA sector has been challenged since 2008 to produce consistent returns amid unprecedented central bank interventions and higher-than-usual correlations among asset classes. In addition, fixed-fee ‘alternative beta’ approaches to developed market momentum strategies have led to a rotation away from some larger managers in the CTA space. Florin Court, in contrast, has distanced itself from the more-saturated developed markets, choosing instead to utilise proven strategies on exotic markets. Thanks to this innovative approach, moving forward the future looks bright, as Florin Court’s ongoing success is narrowly defined in terms of growing the Florin Court Capital Fund. To that end, the team is scouring global markets to find diversifying, liquid additions to the portfolio, as well as improve methods of trading existing markets.
22 Acquisition International - Hedge Fund Awards 2017 2018
Genesis Fund Service Limited HF180033
Best Hedge Fund Administration Company 2018 – Bahamas Company: Genesis Fund Services Limited Contact: Antoine Bastian Contact Email: firstname.lastname@example.org Address: 308 East Bay Street, Nassau, Bahamas Phone: 012425027020 Website: http://genesisfundservices.com/
Genesis Fund Service Limited Genesis Fund Services Limited is a leader in the Fund Services industry, providing financial services support to individuals, family offices and institutions world-wide. We explore the secrets behind the incredible success that this dynamic and exciting firm has achieved over recent years.
Genesis provides boutique administrative services to hedge fund managers, commodity pool operators, family offices, banks and trust companies, and high net worth individuals from within The Commonwealth of The Bahamas. To ensure excellence for clients, the firm is regulated by the Securities Commission of The Bahamas under the Investment Fund Act and Regulation, 2003 and licensed as an Unrestricted Fund Administrator; therefore, Professional and SMART funds and Investment Condominiums (ICONs) can be licensed directly by Genesis.
Thanks to this certification, Genesis has obtained a wide client base servicing among others, the European, Brazilian and North American markets. Its overall mission is to become and then remain the premier global Fund Administration company operating from The Bahamas, and other international offices, with talented team members who consistently exceed its client’s expectations, resulting in true customer satisfaction. Overall, Genesis is pleased to accept the award as the Best Hedge Fund Administration Company – Bahamas 2018. Antoine Bastian Managing Director of Genesis discusses the firm’s success.
“Genesis is a company committed to growing its business through product diversification and technological advancements which improve the effectiveness and efficiency of services provided”.
Acquisition International - Hedge Fund Awards 2018 23
GZC Investment Management AG HF180015
Best Alternative Investment Firm – Switzerland & Best Diversified Commodities Fund (1 Year): GZC Strategic Commodities Fund Company: GZC Investment Management AG Contact: Patrick Camenisch Contact Email: email@example.com Address: Alpenstrasse 4, Zug, 6300, Switzerland Phone: +41417118445 Website: http://gzcim.com/
GZC Investment Management AG GZC Investment Management is an alternative investment manager focusing to provide uncorrelated absolute returns in commodities, with a core focus on capital preservation. We invited Vincent Elbhar to share an insight into the firm and the funds it manages.
Founded in 2008, GZC has grown into an experienced alternative investment firm managing fundamental and discretionary strategies in commodity and global macro markets. Vincent shares the firm’s core aims and how the firm’s flagship fund helps it to achieve them.
“Here at GZC, our aim is to provide an investment product delivering clear alpha, which cannot be replicated via passive investment strategies. With this in mind, our flagship Fund the GZC Strategic Commodities Fund aims to uncover opportunities in the commodity space and translate them into riskadjusted investments. We work under the primacy of capital preservation and have a holistic approach to risk, integrating risk management into our investment process with the help of our proprietary risk and data analytics infrastructure. “The Fund is diversified across directional and relative value strategies, traded with a long volatility bias and no systematic bias to be long or short any market over time. The trading process is based on qualitative and quantitative research to identify market opportunities and construct a commodities portfolio with an asymmetric payoff profile. We are not dependent on any trend within
the commodity market, which means, we can deliver absolute returns in any market environment. Our in-depth understanding of the energy world and our probabilistic approach to investment allows us to turn instability into an asset. We do not call market directions with blinded conviction, instead we assign probabilities to scenarios and position accordingly.” With regards to the future, Vincent is excited as he outlines how GZC will adapt around industry developments to ensure its continued success and prosperity.
“Looking ahead, it is becoming clear to us that our data processing and analytics capabilities will remain key in allowing us to navigate this environment of proliferating data and information. At GZC we are committed to continue refining and developing our investment processes to best support human brains with machines. In the years to come, we see a lot of exciting opportunities for the industry and expect commodities to attract renewed interest, especially in the active management space. Offering our currency strategy as a stand-alone product, is an option that we are also considering.”
Fundamental and discretionary investment strategies providing uncorrelated returns from commodities and global macro markets.
24 Acquisition International - Hedge Fund Awards 2018
JMS Invest AG HF180013
Best Active Fund Manger 2018 – Switzerland & Best Long/Short Equity Fund (1Year): AlphaCore Capital Company: JMS Invest AG Contact: Miro Zuzak, PhD, CFA Contact Email: firstname.lastname@example.org Address: Seefeldstrasse 299, Zürich, 8008, Switzerland Phone: 41443802808
JMS Invest AG JMS Invest AG is a boutique investment manager based in Zürich, Switzerland. Miro Zuzak, Partner in the firm, talks us through its fund, AlphaCore, and how the firm works to provide only the highest possible standards of service and strong returns to its valued investors.
JMS Invest offers one fund, enabling it to focus on this portfolio exclusively, ensuring stronger results for investors, as Miro highlights.
“Here at JMS Invest, we only manage a single fund, meaning that our entire expertise and effort goes into this one portfolio. Being the largest investors in the fund ourselves, we focus on performance while outsourcing the rest, including distribution services. It is a long/short equity strategy, focused on Small and Mid-Caps in German speaking countries. The selection process is fundamental, bottom-up, and we run a concentrated portfolio of high conviction investment ideas.” “As an entrepreneurial business, the three of us are partners in the firm, shareholders of JMS Invest and we are fully invested in our fund, AlphaCore. As such, this is further testament to our strong commitment to providing the very best service and exceptional returns for our investors.” Thanks to the firm’s investment process, it has achieved strong success over recent years, as Miro is pleased to report.
“Managing drawdowns is the key to long term success. We have achieved an annualised compound return of 9.3% in Swiss Francs since inception, almost 10 years ago. This time frame includes the crises in 2008 and 2011. Our drawdowns have been very limited and our Sharpe and Sortino ratios of 1.3 and 1.9 are among the best in the industry. This exceptional success we were able to achieve thanks to prudent risk taking, and positive returns in both 2008 and 2011 confirm that this strategy works.” Overall, the future looks bright for JMS Invest, as the firm seeks to grow its fund and involve new investors.
“After 8 years of bull market, valuations are significantly above historical averages and expectations regarding future earnings levels are very demanding. Then, following a strong year for equities, today’s market is nothing less than the perfect environment for long/short equity strategies. At JMS Invest we are optimistic about the future, as we open up our fund to external investors by migrating it to Ireland and becoming UCITS compliant”, Miro concludes.
JMS Invest AG is a boutique investment manager that provides only the highest possible standards of service and strong returns to it’s investors.
Acquisition International - Hedge Fund Awards 2018 25
Laureola Advisors, Inc. HF180031
Best Specialist Fund Manager 2018 & Best Life Settlements Investment Fund (Since Inception): Laureola Investment Fund Company: Laureola Advisors, Inc. Contact: Tony Bremness Contact Email: Tony.Bremness@laureolaadvisors.com Website: www.LaureolaAdvisors.com
Laureola Advisors, Inc. Laureola Advisors is an award-winning specialist asset manager focused exclusively on Life Settlements. We caught up with Tony Bremness to learn about the latest developments for this dynamic company.
Laureola was founded with the belief that investors deserve access to the unique benefits of Life Settlements, with the advantages of a specialist and focused asset manager. Tony discusses how the firm’s service offering helps it to ensure excellence for its clients and provide them with the solutions they need.
“Laureola is a boutique Fund Manager focusing on the asset class of Life Settlements. Our Fund is specifically designed for Private Clients and smaller Family Offices. A well-managed portfolio
of Life Settlements will keep its diversification characteristics in difficult times, as the strategy has a very different way of making money – investing in the longevity and mortality markets. “The result is an investment that has no correlation with or dependence upon the usual crisis triggers: declines in share prices, interest rate hikes, economic instability, or geopolitical surprises. Uniquely, Laureola distinguishes itself from other Life Settlement Mangers by our focus on realised cash returns, rather that statistical projections or accounting adjustments. The assets are notoriously difficult to value precisely, being both illiquid and non-fungible, and statistical projections are often ‘revised using the latest data’ (i.e. they got it wrong the first time).” Fundamentally, the focus on realised returns is also critical to ensuring the key diversification characteristics. The Laureola Fund has kept its promises to provide stable returns and diversification: performing well even when share prices decline. Since the fund was launched in May 2013, the stock market has experienced 17 negative months. The fund was positive in 16 of those 17 months. The cumulative returns for shares in the 17 negative months was minus 31%; during the same 17 months Laureola investors enjoyed a cumulative 16% positive return. Thanks to this exceptional performance over the years, Tony is confident that the Fund looks forward to an even more prosperous future.
“Overall, the future looks bright for Laureola. There are more than enough Life Settlement opportunities available for a boutique specialist Manager with Laureola’s advantages, and our AUM continues to grow as more investors put more value on stable returns and true diversification.”
26 Acquisition International - Hedge Fund Awards 2018
McKinley Capital Management, LLC HF180021
Best Alternative UCITS Fund (5 Years): McKinley Capital Dividend Growth Fund & Most Innovative Asset Class & Strategy 2018 Contact: Martino Boffa Martino M. Boffa | Director | McKinley Capital Management, LLC | John Hancock Center, 875 N. Michigan Ave., Suite 3161, Chicago, IL 60611 | T: 312-7947863 | Mobile: 203-517-5389 | F: 312-794-7868 | mboffa@ mckinleycapital.com Website: www.mckinleycapital.com
McKinley Capital Management, LLC McKinley Capital Management, LLC is a privately-held investment adviser specializing in global growth equities and alternative strategies. We caught up with Martino Boffa, CFA, Director, to learn more.
McKinley Capital Management was started more than 25 years ago and it has offices in New York, Chicago, and Anchorage. With approximately $5.6bn in assets under management, the firm deals with a wide range of sophisticated global clients, from high and ultra-high net worth individuals, to endowments, foundations and institutional clients such as insurance companies. The firm’s quantitatively driven investment process is the foundation on which all products are established. The McKinley Capital proprietary model, based on significant academic research, enables the investment team to gather and analyze data on approximately 50,000 global securities from varied sources and then to quickly synthesize the results into meaningful information. Martino explores the firm’s service offering in more detail and outlines how it works to ensure excellence for its clients through the use of this innovative model.
“At McKinley Capital Management, we are currently engaged in two categories of alternative products, in equities and equity derivatives. The firm is the Investment Manager for the Dividend Growth Fund, which is essentially a carry strategy because it arbitrages expectations about future dividends without
trading the underlying equity. Our tools enable us to predict dividends with more accuracy than other market participants which leads to alpha for our clients. The second category is long/short equities, in which the firm has been managing client portfolios for over ten years. “Our investment solutions for traditional and alternative products may be tailored to client needs, following their restrictions and requirements. Strategies offered through Funds may also be available in separately managed accounts. Additionally, we are also adaptable to white labelling and sub-advisory roles.” Looking ahead, the firm is keen to adapt around changes in the industry to build upon its current success, as Martino concludes.
“Currently, our industry is in a delicate phase. Clients are still shifting considerable resources into passive products and fees remain under pressure. While it is not clear when the current trend will revert, what is clear is that firms, such as McKinley Capital, that offer a solid track record throughout many market cycles and have deep experience managing the business, will be able to succeed and grow.”
privately-held investment advisers Acquisition International - Hedge Fund Awards 2018 27
Norron Asset Management HF180014
Best Nordic Fund Manager 2018 & Best Multi-Strategy Nordic Equity Fund (3 Years): Norron Target Company: Norron AB Contact: Elin Lilja-Wainwright Contact Email: elin.wainwright@ norron.com Address: Oxtorgsgatan 4, 111 57, Stockholm, Sweden Phone: 46855506940
Norron Asset Management Norron Asset Management is a Nordic investment manager with offices in Stockholm and Oslo. Ulf Frykhammar talks us through the firm and the services it offers.
Drawing on a wealth of experience, Norron manages six daily traded UCITS funds of which three are hedge funds, and the primary focus is the Nordic capital markets. Ulf discusses the firm’s fund offering in more detail and outlines the firm’s investment process.
“At Norron, our core business is to manage absolute return funds and actively managed equity funds,
covering volatility brackets from 1% to full equity market volatility. Each portfolio manager has got their individual mandate, but they also have an area of responsibility in the investment team, hence, managing our funds is a true team effort. Norron’s funds are available for any kind of investor through different distribution channels. Pension and insurance companies make up more than 50% of assets under management. The rest is divided between private banking, family offices and retail clients.” Fundamentally, Norron is a customer orientated asset manager with a product portfolio designed to solve client problems by replacing the usual risk approach with a client approach, where each fund is designed to solve a defined client goal. Ulf highlights how the firm’s internal culture reflects this dedication to client service.
“To ensure excellence for our clients, we are an experienced team, and our fund managers each have more than 25 years of experience and have been exposed to many different situations and events impacting the industry, both globally and regionally. We have a very good track record going back many years that demonstrates this.” Ultimately, the future looks bright for Norron as it takes on new staff to build upon its current success, as Ulf explains in his concluding comments.
“Overall, Norron’s ambition is to contribute to resolving today’s challenges in the markets for pensions and long-term savings by offering products to reduce the uncertainty of future payments and to meet different clients’ saving goals.
Ulf Frykhammar Fund Manager / Managing Partner 28 Acquisition International - Hedge Fund Awards 2018
“Currently the firm is prospering, as we have recently taken on three additional members of staff, which is a very positive development. We are improving on our communication and the focus and aim going forward is to build greater brand awareness. We want to have an enhanced dialogue with our clients and better inform our stakeholders about what we do and how we do it – this is part of our commitment of having a transparent and sustainable approach at all times.”
RoboCap LLP HF180012
Best Robotics Fund (Since Inception): RoboCap UCITS Fund & Best for Disruptive Technology Investing 2018 Company: RoboCap LLP Contact: Jonathan Cohen Contact Email: email@example.com Address:10 Brick Street, Mayfair, London, W1J 7HQ, UK Phone: 2034571221 Website: www.robocapfund.com
RoboCap LLP RoboCap LLP is an investment management company based in London focusing on global opportunities in robotics and automation. We profile the firm to find out more.
Established in 2015, RoboCap UCITS Fund is the world’s first “pure play” fund in robotics listed stocks. Launched on the 4 January 2016, the fund selects 22-30 stocks from investment universe of 150 companies globally and across sectors. The proprietary research is led by passionate investment professionals in collaboration with world’s robotics experts from the academy and the industry. Today, the robotics and automation investment space includes industrial robotics, general automation, healthcare robotics, 3D printing, drones, self-driving cars and artificial intelligence. Every single industry is impacted by this disruptive technology driven by smarter and cheaper robots. The 4th industrial revolution is happening now and is offering exciting investment opportunities. Technological advances in both hardware and software fields have increased the speed, flexibility and adaptability of robotics whilst also making them cheaper than ever before. These advances have led
automation and robotics to the cusp of widespread adoption across a vast range of manufacturing, commercial and consumer applications. They will be a key driver of the next industrial revolution with fully automated smart factories, self-driving cars and robotic surgery among the many examples of where the technology may be applied. In this exciting space, RoboCap aims to invest into only pure play robotics and automation related companies, typically looking for at least 40% of group sales of a company to be related to the underlying theme and a market capitalization of at least $200 million. So far, the firm have identified around 150 companies which fit into this category which have a combined valuation of over $300 billion. Overall, the RoboCap UCITS fund focuses on global robotics and automation listed equities, and moving forward this will remain the firm’s ongoing focus as it looks towards a bright and exciting future.
ROBOCAP - Investing In The Robotics Revolution
Robotics New Age Of Growth
Acquisition International - Hedge Fund Awards 2018 29
Rubrics Asset Management HF180007
Best Innovative Fixed Income Strategies 2018 & Best Irish Emerging Markets UCITS Fund (1 Year): Rubrics Emerging Markets Fixed Income UCITS Fund Company: Rubrics Asset Management Ltd Contact: James Galvin Contact Email: firstname.lastname@example.org Address: 23rd Floor, 20 Fenchurch St, London, EC3M 3BY, UK Phone: 02071869930 Linkedin: www.linkedin.com/ company/rubrics-asset-management
Rubrics Asset Management Rubrics Asset Management is an independent, boutique investment manager specialising in providing innovative fixed income strategies for institutional and private clients. We profile the firm to explore Rubrics’ origins and key investment philosophies.
Rubrics is an independent active fund management Boutique that operates a suite of products within Global Fixed Income. Strategies it operates include: Global Fixed Income, Global Credit, Emerging
Markets and Indian Local Government in daily liquid Irish UCITS format. The firm managed approximately 900 AUM as at the end of 2017. The first strategy was launched by Steven O’Hanlon in 2003. Over that period the product suite has successfully operated in a wide range of market environments with a consistent investment process and team. Rubrics’ funds are available in Dollar, Sterling, Euro and Swiss Franc share classes, making it possible for investors in those currencies to access the global Fixed Income universe via Rubrics funds. The key philosophies which Rubrics applies across its fund range are: • Active Management • An emphasis on capital preservation and minimising drawdowns • Limiting volatility of returns and duration risk • Investment across a global investment universe • Non benchmarked investing Rubrics has spent the past few years reorganising its business into a scalable and technologically advanced fixed income asset manager. Rubrics has received external recognition from other leading Fund Rating Agencies in recent years, including the Raging Bull 2018 Best (FSB Approved) Offshore Global Fixed Interest Bond Fund and Best (FSB Approved) Offshore Global Fixed Interest Bond Fund on a Risk Adjusted Basis.
Rubrics Asset Management are investment managers, specialising in providing innovative fixed income strategies for institutional and private clients. 30 Acquisition International - Hedge Fund Awards 2018
Rubrics see themselves as a credible option for investors seeking active management, and diversification from oversized bond funds at a time when valuations are high and volatility is rising, driven by central bank tightening.
The Thirds Friday Total Return Fund HF180010
Best Market Neutral Hedge Fund (Since Inception): Third Friday Total Return Fund & Most Innovative Hedge Fund Manager 2018 Company: Third Friday Management, LLC Name: Michael E. Lewitt Email: Mlewitt@thirdfriday.com Address: 6024 Le Lac Road, Boca Raton, FL 33496, USA Web Address: www.thirdfriday.com
The Thirds Friday Total Return Fund The Third Friday Total Return Fund, L.P. utilizes a proprietary rules-based options strategy to generate attractive risk-adjusted returns in all market environments. We invited Fund Manager Michael Lewitt to tell us more.
The Third Friday Total Return Fund focuses on generating consistent risk-adjusted returns while protecting capital by insuring that positions are properly hedged. Michael outlines the firmâ€™s strategy in more detail, explaining how it ensures secure, measurable and reliable returns.
(S&P 500 Index options). Collateral is invested in a diversified portfolio of income-generating securities including ETFs. Current partners consist primarily of high net worth individuals, family offices and insurance companies, with vehicles available for both US and non-US investors.â€?
â€œHere at the Third Friday Total Return Fund we do not take a market view, and as such our returns are not dependent on market direction; we are a genuinely market neutral hedge fund. The Fund does not employ leverage. Our strategy is highly scalable since we invest in extremely liquid instruments
Moving forward, the fund will remain focused on providing the very best returns possible, as it seeks to provide investors with the opportunity to invest in a product which is truly independent of market direction.
Generating attractive risk-adjusted returns in all market environments.
Acquisition International - Hedge Fund Awards 2018 31
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32 Acquisition International - Hedge Fund Awards 2018